Paying for College
Paycheck to Paycheck
GrantsClick on a grant source above to learn more. Also, note that many people will have more than one child in college at the same time, and this can impact financial aid eligibility. Each student that applies for financial aid must complete a FAFSA, and each student gets an Expected Family Contribution (EFC) based on his/her reported information. When figuring the EFC for students who have brothers and sisters in college at the same time, the Parent Contribution is split among the children in college.As a result, each student’s individual EFC may be lower in years when multiple family members are in college than in years when only one student is in school. This can mean more need-based aid eligibility (because of the lower EFC) - a very important consideration for some families. It can mean thousands of dollars more in federal, state and college-based aid for some students. Check with the colleges you are considering so you understand the impact on you. |
FAFSA: Key to Grant Consideration The only way to be considered for federal and state grants is to complete the Free Application for Federal Student Aid (FAFSA). In Indiana, certain steps in the FAFSA process must be taken by students early in the spring semester of the senior year of high school and each year after that until the student is finished. Without these steps, a student may not be considered for federal, state and institutional grants. Click here for more on the FAFSA process. |
